Insider Selling: Block (NYSE:XYZ) Director Sells $495,480.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $82.58, for a total value of $495,480.00. Following the completion of the sale, the director directly owned 1,458,672 shares of the company’s stock, valued at $120,457,133.76. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Mathew Eisen also recently made the following trade(s):

• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total value of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total transaction of $489,780.00.
• On Friday, August 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total transaction of $497,220.00.
• On Wednesday, August 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total transaction of $471,720.00.
• On Monday, August 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total value of $470,820.00.
• On Thursday, August 6th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total value of $498,420.00.

Block Price Performance

Shares of NYSE:XYZ opened at $83.30 on Friday. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day moving average price of $80.25 and a 200-day moving average price of $70.99. The company has a market capitalization of $50.05 billion, a PE ratio of 148.75, a PEG ratio of 0.87 and a beta of 2.52.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities analysts expect that Block, Inc. will post 2.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raiffeisen Bank International AG boosted its stake in shares of Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock worth $3,503,000 after acquiring an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after acquiring an additional 179 shares during the period. Avior Wealth Management LLC increased its stake in shares of Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares in the last quarter. Carson Advisory Inc. increased its stake in shares of Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XYZ. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 24th. Susquehanna increased their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Monness Crespi & Hardt lifted their price objective on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Wolfe Research boosted their target price on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.